Property returns halve on softer market
Thursday, June 25, 2015
The office market has seen vacancy rates rising due to over supply. PIC: KAGISO ONKATSWITSE
According to the IPD Annual Property Consultative Index released yesterday, the total return was underpinned by a relatively stable income return of 9.4 percent while capital growth slowed significantly to 2.0 percent from 10.2 percent the year before.
Total returns represent and aggregation of income plus capital growth with the former reflecting increase in rentals while the latter denotes revaluations of properties.
Speaker of the National Assembly, Dithapelo Keorapetse, has this week rightly washed his hands of the mess, refusing to wade into a party squabble that has no clear leadership and no single version of the truth.When a single party sends six different letters to the Speaker’s office, each claiming to be the authoritative voice, it is not just confusion, but an embarrassment.Keorapetse is correct to insist on institutional boundaries. Parliament...